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the roll. quorum call: quorum call: >> administrator, thank you for being here at ronald reagan national airport. as we look at the holidays fast approaching, thanksgiving next week, we're anticipating a busy travel season again, and the men and women of tsa are standing at the ready to provide the most effective security in the most effective way. as you know, that creates challenges and opportunities for the traveling public, quorum call: a senator: mr. president? the presiding officer: the senator from colorado. mr. udall: mr. president, we're in a quorum call, is that correct? the presiding officer: the senator is correct. mr. udall: i ask unanimous consent the quorum call be lifted. the presiding officer: without objection. mr. udall: mr. president, i ask unanimous consent the senate proceed to a period of morning business with senators permitted to speak therein for up to ten minutes each. the presiding officer: without objection. mr. udall: mr. president, i ask the chair lay before the senate a message from the house with respect to s. 743. the presiding officer: the clerk will re
. >> the statistics that you can present to you is that when ronald reagan ran for reelection in 1984, similar situation come here to raise money for his primary and the party even though he took the public general election funding, he attended for fundraisers in that year. what are we doing where we have a president running around? as i recall, the nevada event that romney hit import into the rushing off after libya was a fundraiser. a fourth of his time in office is this election year and a spinning it at fundraisers. and romney is getting videotaped at his fundraisers talking about the 47% in a private, closed room with people, that's what they want to hear and that's who he is meeting with all the time. so this is a problem for i think both sides, and we're going to see that pressure, the money pressure in the house and senate races. >> we'll have a minute left but i would love to hear if there is action of some sort taken to compel disclosure or to higher degree of independence or whatever steps, measures you face. conjure a vision of the future two, three, four cycles down the road what
. and of ronald reagan and tip o'neill reforming social security. ronald reagan and tip oatmeal during the last comprehensive tax reform. bill clinton and republican congress with welfare reform and balanced in the budget. so we look forward to making this divided government productive for the american people and the several wellness we have a lot of challenges here at the end of the year. i'll be meeting with the president and the other leadership on friday to talk about the way forward and we look forward to being a part of the solution to the significant problems. it is my pleasure now to turn to our newly elected with come as senator cornyn of texas. >> well, things, natch. it's an honor to be elected by my colleagues to serve as the whip, the assistant leader on the republican side. as a drama, fat, we have a lot of very difficult work to do, but we are committed to working with our colleagues across the aisle to solving the nation's urgent problems. we know what those are in a lame duck coming out this if this are going forward. there is no mystery about that commanders say mr. to solutio
countries have transformed, reform, lower the rates. we haven't touched it since ronald reagan in 1986. bill clinton did raise it at one point but we haven't done anything to touch the rate and reform -- tecum from 16.5% to 15% which most of you are aware of because you do business there, and this capital investment is going to follow countries that have a more competitive environment in taxes is one of them's a we have to reform the tax code and when you do that you will get more revenue. it's guaranteed. again, as i was talking at earlier there are opportunities here for us as a country and if you look at the congressional budget analysts this and go to the tax committee analysis what tax reform could mean in the economic growth and all of them will lead to more growth with this corporate tax reform. estimate of the president says what he did last friday, this was fought over in the campaign and we fought over rising tax rates. jay carney said they would veto any bill that extends the current tax rate so if he insists that tax rates go out for those making over to under $50,000 will would
the rates. think about it. we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking about earlier. this is opportunities here. this is opportunity for us as a country. if you look at the congressional budget analysis and joint tax committee analysis, what tax reform could mean in terms of macroeconomic impact and growth, all will lead to more growth, whether corporate tax reform or individual tax reform. >> right but if the president insists as he did last friday, this was fought over in the campaign and, fought over tax rates, rising tax rates, he didn't ice the words rates himself but jay carney, the white house press secretary said the president will veto
of course was a economic adviser to president ronald reagan, and then has commented on these issues and read about these issues and donald is the director of the urban brookings tax policy center and former acting director of the congressional budget office as well. so we have three experts to talk about these issues and walk us through this minefield of tax policy and see where there might be common ground where the conversations of the white house could be ending up. peter, let me start with you. and the basic question about whether or not tax revenue has to be a part of this part of the conversation to begin with and whether the two sides were there is more common ground than they think. >> first obviously i think the tax revenue has to be part of the solution here both because the underlying budget but also because the election that was just held and the desire and the administration to maintain that additional revenue that they ran on and they won. on the substance though the point that i would make this would ever comes out of this fiscal cliff frankly i am now going to step out of the
Search Results 0 to 5 of about 6